05-Mar-2024      16:32

Gold Glitters After Breaking Above $2100 Mark

COMEX Gold futures extended its solid upmove, hitting near record highs as a break above $2100 per ounce extended in a convincing manner. The metal is rallying after a subdued performance in first two months of the current year as markets reassess the US Fed's interest rate trajectory and sustained worries over geopolitical tensions push up buying support for the commodity. London's gold price benchmark hit an all-time high of $2,083.15 per ounce at an auction on Monday, surpassing the previous record of $2,078.40 set on December 28, the London Bullion Market Association (LBMA) said in a latest update

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